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Investment Companies & Venture Capital M&A image Investment Companies & Venture Capital M&A » By The Online Investor Staff, updated Tue., Jul. 7, 12:41 PM Recent mergers and acquisitions in the Investment Companies & Venture Capital M&A category.

Slide #22. Fifth Street Finance Corp. Healthcare Finance Group, LLC

Acquirer: Fifth Street Finance Corp. (FSC)
Acquiree: Healthcare Finance Group, LLC
Details: Fifth Street Finance Corp. (Nasdaq:FSC) ("Fifth Street") today announced that it has successfully closed its portfolio company acquisition of Healthcare Finance Group, LLC ("HFG"). Fifth Street invested $114 million to effect the acquisition, financing the purchase with available liquidity, including operating cash and borrowings under Fifth Street's existing credit facilities. Fifth Street expects the acquisition to be immediately accretive to net investment income.

Fifth Street Finance is a finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Co. is externally managed and advised by Fifth Street Management LLC. Co.'s investments generally range in size from $10.0 million to $100.0 million and are principally in the form of first lien, second lien and subordinated debt investments that may also include an equity component. At Sep 30 2016, Co. had total assets of $2.35 billion.

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Company Name: 
Oaktree Specialty Lending Corp
Website: 
www.fifthstreetfinance.com
Sector: 
Investment Companies & Venture Capital
 

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Hold (2.50 out of 4)
51st percentile
(ranked higher than approx. 51% of all stocks covered)
Based on Zacks ABR data;
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